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In an interview to CNBC-TV18, Ajith Rai, CMD of Suprajit Engineering discussed the company's Q2 performance.
Suprajit Engineering reported a subdued set of Q1 earnings. Margins were hit but revenue rose 26 percent. In an interview to CNBC-TV18, Ajith Rai, CMD of Suprajit Engineering spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Ajith Rai, CMD of Suprajit Engineering spoke about the latest happenings in the company.
“This year as well as the coming year, we should have a stable growth and margin in line with our historic averages”, Ajith Rai, CMD of Suprajit Engineering told CNBC-TV18.
Expect domestic business to be around 55 percent and international around 45 percent in FY18, said Ajith Rai, CMD, Suprajit Engineering.
Watch the interview of Ajith Rai, CMD of Suprajit Engineering to CNBC-TV18 in which he spoke about the results and his outlook for the company.
Suprajit Engineering reported a solid set of earnings in Q1 with strong revenue growth of 64 percent.
Speaking to CNBC-TV18, Ajith Rai, CMD of Suprajit said that the company will outperform the industry by 5-10 percent in fiscal year 2017.
The consolidated sales of both Suprajit and Phoenix for FY17 is likely to be over Rs 1,100 crore and the deal will be a win-win for both companies, says Suprajit Engg, CMD, Ajith Rai.
Suprajit Engineering always outperforms the automotive industry growth, said CMD Ajith Rai.
Ajith Rai, CMD, Suprajit Engineering says exposure to euro will benefit the company as significant part of its overseas business is in Europe but will not affect much as core of its business is still Indian automotive.
In an interview with CNBC-TV18, Ajith Rai, CMD, Suprajit Engineering said that it is aiming for growth in its automotive control cables business with utilisation of new plants.
Ajith Rai of Suprajit Engineering says while Q3 hasn‘t been as good as H1, he expects the company to outperform industry by atleast 5-10 percent in FY15.
Ajith Rai of Suprajit Engineering believes the company has done extremely well in Q3 and will continue to do so in Q4, given the trend in exports, in after market sales and the non-automotive segment.
Suprajit Engineering is positive on meeting its annual guidance of beating the industry margins by 5-10 percent. It sees Q2 growth to be around 15 percent against the industry's growth of around 2-3 percent.
